Market Breadth Data******************************

Friday, October 28, 2022

DJIA and 200 dma

 Of the major indices, the DJIA is the first one to reach and cross the 200 dma. It has done so on several occasions in 2022, and has always failed:








Whether the anticipation of a Fed pivot is enough to change this outcome will be put to the test in the very near future.

The combined daily and weekly market internals are in the topping zone:










 

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